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Citigroup argues against trial delay in Revlon suit

Bloomberg Citigroup Inc. is looking to keep court proceedings on track in its attempt to recover more than $900 million the bank says it accidentally transferred to Revlon Inc. lenders last month. A lawyer for the bank asked US District Judge Jesse Furman in Manhattan to deny a request by some of the lenders to postpone trial in Citigroup’s suit ...

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Danske says senior staff knew about debt errors for years

Bloomberg Danske Bank A/S said some staff, including managers, have long been aware of a number of the debt collection issues that resulted in up to 15,000 clients being overcharged. The bank, which is still being investigated separately for money laundering, said it has submitted a report to its watchdog in Copenhagen as it tries to deal with the fallout ...

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Italy’s Gualtieri wants Monte Paschi saved not broken up

Bloomberg Italy is seeking “a revamp not a break up” of Monte dei Paschi di Siena SpA, Italian Finance Minister Roberto Gualtieri said. “The path to follow is a search for a strategic partner,” Gualtieri told reporters in Berlin. “We sold non-performing assets, a de-risking operation that allows Paschi to be relaunched.” The Italian state plans to dispose of its ...

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